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FitLife Brands to acquire substantially all the assets of MusclePharm

By FitLife Brands, Inc. (FTLF)


  • FitLife Brands (NASDAQ:FTLF) said the U.S. Bankruptcy Court for the District of Nevada approved its acquisition of substantially all the assets of MusclePharm.

  • The purchase price for the deal is $18.5M and will be funded by using cash on hand and the proceeds of a new committed $10M term loan.

  • The all-cash deal is expected to be highly accretive to existing shareholders once all transaction related costs have been met.


 

https://fitlifebrands.com

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